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Floor Maker's Shares Snapped Up in Pre-sale in Thailand.

Bangkok Post (Bangkok, Thailand)

| December 05, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Dec. 5--The initial public offering shares of Singha Paratech, a manufacturer of wooden parquet floors, drew strong interest from investors in a pre-sale yesterday.

The company's 200,000 IPO shares were snapped up by 200 investors who queued for the booking ahead of its presentation.

The company is scheduled to launch 20 million IPO shares during Dec 9-12, with the price set at 21 baht per share against the par value of five baht. Trading on the SET will begin on Dec 19.

Some four million shares reserved for institutional investors have been 25 times oversubscribed.

Of the remaining shares, 3.5 million will be distributed to other ...

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Source: HighBeam Research, Floor Maker's Shares Snapped Up in Pre-sale in Thailand.

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